Struggling Gymboree to close 7 Colorado stores

Gymborees in Indiana among those closing as company files forĀ bankruptcy

Seven of the locations are in Colorado.

The national retailer of children's clothing will largely close stores with the Gymboree, Gymboree Outlet and insane 8 brands.

Closing sales are set to begin July 18.

Department stores making similar significant store closing announcements include Dillard's, J.C. Penney, Macy's and Sears. The struggling chain filed for bankruptcy protection last month.

The company is also closing stores in its insane 8 and Janie and Jack brands.

They are among the 350 stores Gymboree announced Wednesday that it will close as it looks to restructure its business.


Fox Valley Mall in Aurora and Algonquin Commons are losing both Gymboree and insane 8 stores.

It says that with a smaller store base, it will be able to focus resources on locations with the greatest potential and improve the profitability of the overall business.

Many local shopping malls are going to have to grapple with the loss of one more retailer: Gymboree.

The Gymboree Corporation operated a total of 1,281 stores In the U.S., Canada and Puerto Rico as of April 29.

The company said the affected stores were chosen "following a comprehensive evaluation of its retail footprint". The Crazy 8 brand is less profitable, has seen declining sales and faces plenty of competition from the likes of Target and Walmart, as well as from off-price and online retailers.

Numerous national retailers have abandoned ShoppingTown in recent years.

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